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Investing: Healing housing may lead economy back
If you've ever bought a new home, you know that the delightful ritual of closing – wherein you write an enormous check to the bank, and swear to write a series of 360 large ones – isn't the only spending you'll do. USA Today
Submitted 2 years 144 days ago

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Wind energy: Boom sputters as industry tax credit is set to expire
Alex Derr had a new house and a son on the way when he landed a coveted job building massive fiberglass wind-turbine blades at a new factory in Fort Madison, Iowa. With well-paid work in a growing industry, he seemed to have it made. Christian Science Monitor
Submitted 2 years 144 days ago

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Want to Recession-Proof Yourself? Join the Creative Class
Looking to thrive in our new, post-recession economy? Then it’s essential to focus on doing work that it would be near-impossible to program a computer or robot to do. Forbes
Submitted 2 years 144 days ago

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Why Ford Is Adding Thousands Of New U.S. Manufacturing Jobs
Ford Motor Co. has a pretty nice holiday gift for the U.S. economy and job market: The company plans to invest $6.2 billion to expand its U.S. manufacturing base, a move that will help it save 3,240 existing jobs and add another 12,000 positions by 2015. aol.com
Submitted 2 years 144 days ago

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Fish or cut bait? Obama, Congress to meet on fiscal cliff
Is it political theater or a true last-ditch effort to avoid the fiscal cliff? President Barack Obama and congressional leaders will discuss the looming tax hikes and spending cuts of the fiscal cliff at a White House meeting on Friday, as increasingly anxious markets and taxpayers look for any hint of progress. CNN
Submitted 2 years 144 days ago

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Obama Makes Last Stand as Cliff Panic Sweeps U.S.
Weeks of teeth gnashing, press conferences, phone calls, and private meetings haven’t solved the fiscal cliff crisis. But President Obama is banking that one last meeting—when it appears that everyone has given up hope—four days away from the New Year’s deadline can’t hurt. The Fiscal Cliff
Submitted 2 years 144 days ago

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Out to lunch
The Randle Report is breaking for lunch and making way for a new editor shift. Click on the headline above to access Southern Business & Development's Web site for more detailed information on economic development in the South. Posts will resume at 1:15 pm CDT.
Submitted 2 years 145 days ago

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Middle Class Gets ‘Cliffed’ by Huge Tax If No Deal
There’s a common misperception about the fiscal cliff — that the tax increases only apply to 2013. Not true. In a cruel epilogue to 2012, roughly 28 million families would owe the IRS $86 billion more than they anticipated for this year should the country plunge off the cliff, according to the nonpartisan Tax Policy Center. The Fiscal Times
Submitted 2 years 145 days ago

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Longshoremen's strike could close Florida's ports
TAMPA -- A strike is looming that could shut down ports from Florida to Maryland - including the Port of Tampa. The International Longshoremen's Association is threatening to strike. They can't reach a contract deal with the United States Maritime Alliance, and the current one ends at midnight. baynews9.com
Submitted 2 years 145 days ago

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Duke to absorb $900M in overruns
Duke Energy’s shareholders will absorb nearly $900 million in cost overruns for its new Edwardsport coal-fired power plant, the Indiana Utility Regulatory Commission ruled Thursday. The commission approved a settlement agreement that caps project costs that Duke may pass to retail customers at nearly $2.6 billion. The plant is expected to actually cost $3.5 billion. Charlotte Observer
Submitted 2 years 145 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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